Remarkable fall of Euro

[Joe1965]

Quite an incredible fall of Euro against the Dollar and Sterling in recent months.

Just wondering when it will turn around or whether this is to continue.

Not necessarily a good thing.

http://www.bbc.co.uk/news/business-31811791

[John H]

It's been on the cards for months Joe, the economies of the Eurozone countries have been struggling for a while and they have been very close to if not into deflation
They are only doing what most central banks/governments have done to stimulate the economy.
When will we see it return to parity or say €1.25 to the £ who knows.........how we all vote in May could have a big impact on that.
As a friend said yesterday "it'll be like going to Spain years ago, out to eat every night"..........thereby helping drive the economy

Regards all

John


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[Spurs]

Yes coming out Friday and got 1.361 at local travel agent don't think its been that high for about 8 years might get more today and store it for next year as well

[Joe1965]

I just wonder where it will peak........................1.50 ?

And I also wonder about people with houses trying to sell which isn't great news but to every advantage there will be disadvantage I suppose.

[GAMagazine]

Great if you are on the pension

30 percent on top of the uk plus cheaper living out here

Buying a house out here must be a steal

[Carruthers]

Great for my holiday next week, got 1.3875 euros to the pound on the high street this afternoon. Who knows how high it will go but the forthcoming general election might have some bearing, especially if there is a hung parliament.

[Corporal Jones]

Might appear selfish but the higher the rate and the longer it remains high the better,bear in mind that spain trades a lot with the rest of the euro zone so it makes no difference there, tourism is a big part of the economy so any non euro tourists will no doubt spend more i know we will after many years of scrimping when the rate was poor. €1.50 here we come

[John H]

That new kitchen, new furniture and big flat screen won't be such a burden

Regards all

John


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[Corporal Jones]

In all fairness when they used the peseta prices were always cheaper in spain it was only on joining the euro that prices were rounded upwards then have continued to rise ever since

[puddy-woo]

Well its got to be good for GA - more spending money means more meals out. I'm not going to say more drink cos 3 GA gins and its home time for me!!!!


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